NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
Overall NAT gets a fundamental rating of 4 out of 10. We evaluated NAT against 208 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has an average financial health and profitability rating. NAT has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NAT had positive earnings in the past year.
NAT had a positive operating cash flow in the past year.
Of the past 5 years NAT 4 years were profitable.
Of the past 5 years NAT 4 years had a positive operating cash flow.
1.2 Ratios
NAT's Return On Assets of 4.18% is in line compared to the rest of the industry. NAT outperforms 56.25% of its industry peers.
NAT has a Return On Equity of 7.24%. This is comparable to the rest of the industry: NAT outperforms 47.60% of its industry peers.
NAT has a Return On Invested Capital (5.71%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 23.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
NAT has a Profit Margin of 11.07%. This is comparable to the rest of the industry: NAT outperforms 58.17% of its industry peers.
NAT has a Operating Margin (16.91%) which is in line with its industry peers.
In the last couple of years the Operating Margin of NAT has grown nicely.
NAT has a Gross Margin (42.39%) which is comparable to the rest of the industry.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NAT is destroying value.
Compared to 1 year ago, NAT has more shares outstanding
Compared to 5 years ago, NAT has more shares outstanding
The debt/assets ratio for NAT has been reduced compared to a year ago.
2.2 Solvency
NAT has a debt to FCF ratio of 3.93. This is a good value and a sign of high solvency as NAT would need 3.93 years to pay back of all of its debts.
NAT has a Debt to FCF ratio of 3.93. This is in the better half of the industry: NAT outperforms 70.19% of its industry peers.
NAT has a Debt/Equity ratio of 0.53. This is a neutral value indicating NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio (0.53) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.56
WACC10.21%
2.3 Liquidity
A Current Ratio of 1.54 indicates that NAT should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.54, NAT is doing good in the industry, outperforming 67.79% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that NAT should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.34, NAT is doing good in the industry, outperforming 68.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -59.38% in the last year.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.42%.
NAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.97% yearly.
EPS 1Y (TTM)-59.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
3.2 Future
Based on estimates for the next years, NAT will show a small growth in Earnings Per Share. The EPS will grow by 6.08% on average per year.
NAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.25% yearly.
EPS Next Y28.2%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.46, NAT is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as NAT.
Compared to an average S&P500 Price/Earnings ratio of 27.25, NAT is valued a bit cheaper.
A Price/Forward Earnings ratio of 8.11 indicates a reasonable valuation of NAT.
Based on the Price/Forward Earnings ratio, NAT is valued a bit cheaper than 75.96% of the companies in the same industry.
NAT is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.46 | ||
| Fwd PE | 8.11 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NAT.
NAT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NAT is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.82 | ||
| EV/EBITDA | 7.43 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.43%, NAT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.35, NAT pays a better dividend. On top of this NAT pays more dividend than 90.38% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.43% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 33.35%!
NAT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
264.15% of the earnings are spent on dividend by NAT. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
2.79
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.63%
Inst Owner Change0.33%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap590.78M
Analysts75.56
Price Target3.57 (27.96%)
Short Float %6.71%
Short Ratio5.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.43% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)-14.11%
PT rev (3m)-17.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.56%
EPS NY rev (1m)2.29%
EPS NY rev (3m)-6.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.46 | ||
| Fwd PE | 8.11 | ||
| P/S | 1.81 | ||
| P/FCF | 6.82 | ||
| P/OCF | 6.62 | ||
| P/B | 1.18 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 7.43 |
EPS(TTM)0.13
EY4.66%
EPS(NY)0.34
Fwd EY12.34%
FCF(TTM)0.41
FCFY14.66%
OCF(TTM)0.42
OCFY15.12%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)0.76
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC10.21%
ROIC/WACC0.56
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-128.57%
EPS Next Y28.2%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.42%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-37.36%
Revenue Next Year13.91%
Revenue Next 2Y9.92%
Revenue Next 3Y1.25%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year73.09%
EBIT Next 3Y20.88%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%